With the US Federal Reserve slowing its rate hikes and MAS (Monetary Authority of Singapore) adjusting its exchange rate policy in 2025, local banks in Singapore have also revised their savings account interest rates.

If you’re wondering which savings account gives you the best returns for your deposits, here’s a breakdown of the top savings accounts in Singapore 2025 — including interest rates, salary requirements, spending conditions, and other perks.

---

🏦 1. Citi Wealth First Account

• Max interest: 7.51% (0.01% base + up to 7.50% bonus)

• Salary crediting: Not mandatory, but can help boost returns

• Spending: At least S$250/month (+1.5%)

• Investments: ≥ S$50,000/month (+1.5%)

• Insurance: ≥ S$50,000/month (+1.5%)

• Home loan: ≥ S$500,000 (+1.5%)

• Savings growth: +S$3,000/month (+1.5%)

• Cap: Bonus applies to deposits S$50,000 – S$500,000

• Minimum balance: S$15,000 (below that = S$15/month fee)

💡 Best for high-net-worth individuals or Citigold/Private Clients who want to leverage multiple financial products.

---

🏦 2. Standard Chartered BonusSaver

• Max interest: 8.05% (highest ever for this account!)

• Salary crediting: ≥ S$3,000/month (+1.5%)

• Spending: ≥ S$1,000/month (+1.5%)

• Investments: ≥ S$20,000 (+2.5% for 6 months)

• Insurance: ≥ S$12,000 (+2.5% for 6 months)

• Cap: Up to S$100,000

• Minimum balance: S$3,000 (below that = S$5/month fee)

💡 Best for high-income earners who can commit to salary crediting + card spend + investments/insurance.

---

🏦 3. UOB One Account

• Max interest: 4.50% (revised down from 7.80%)

• Salary crediting: Yes, required for higher tiers

• Spending: ≥ S$500/month with UOB card

• GIRO transactions: 3 per month required for mid-tier interest

• Cap: Up to S$150,000

• Minimum balance: S$1,000 (S$5/month fee if below, waived first 6 months)

💡 Simpler than SCB or Citi, ideal for working adults with stable salary and card usage.

---

🏦 4. OCBC 360 Account

• Max effective interest: ~2.45% (from Aug 2025, down from 3.30%)

• Salary crediting: ≥ S$1,800/month

• Spending: ≥ S$500/month

• Savings growth: ≥ S$500/month

• Insurance & Investment options: Additional bonuses (time-limited)

• Cap: Up to S$100,000

• Minimum balance: S$1,000 (S$2/month fee, waived first year)

💡 Great for young professionals with lower salary requirements vs SCB/UOB.

---

🏦 5. Bank of China SmartSaver

• Max interest: ~2.45% – 2.95% (depending on spending & GIRO)

• Base rate: 0.20%

• Salary crediting: ≥ S$2,000/month (0.80%)

• Spending: ≥ S$750 (0.75%), ≥ S$2,500 (1.25%)

• GIRO: 3 bills/month (0.1%)

• Cap: Up to S$100,000

• Minimum balance: S$200 (must maintain S$1,500 to enjoy bonus)

💡 Decent if you already use BOC credit cards and GIRO billing.

---

🏦 6. Maybank Save Up Programme

• Max interest: 4.0%

• Salary crediting: ≥ S$2,000

• Spending: ≥ S$500/month

• Investments/Insurance/Home Loan: Additional bonus tiers

• Cap: Up to S$50,000

• Minimum balance: S$1,000 (S$2/month fee, waived if <25 y.o.)

💡 Best if you want to bundle multiple financial products with Maybank.

---

🏦 7. DBS Multiplier Account

• Max interest: 4.1%

• Salary crediting: ≥ S$2,000/month (into any DBS/POSB account)

• Spending: No minimum

• Other categories: Investments, insurance, housing loan (each adds bonus interest)

• Cap: Up to S$100,000

• Minimum balance: S$3,000 (S$5/month fee, waived for first-time or <29 y.o.)

💡 Flexible option, good for those already banking with DBS/POSB.

---

🏦 8. CIMB FastSaver

• Max interest: 2.88%

• Salary/Spending: Not mandatory, only for bonus

• Base interest: 1.38% – 2.50% (depending on deposit amount)

• Spending bonus: CIMB Visa Signature ≥ S$300 (1% bonus), ≥ S$800 (1.5% bonus)

• Cap: Up to S$75,000

• Minimum balance: S$1,000 (no monthly fees)

💡 Perfect for “no-strings-attached” savers — just park your money and earn.

---

🏦 9. POSB SAYE Account

• Max interest: 3.5% (fixed savings plan)

• Requirement: Monthly deposit S$50 – S$3,000, no withdrawals for 2 years

• Cap: Based on monthly contributions

• Minimum balance: None

💡 Strict, but rewarding if you want a disciplined savings plan.

---

🏦 10. HSBC Everyday Global Account

• Max interest: 3.55% (0.05% base + 2.5% bonus + 1% Everyday+ rewards)

• Salary crediting: ≥ S$2,000 (personal) or S$5,000 (premier)

• Transactions: 5 qualifying transactions/month (no min spend)

• Cap: Varies

• Minimum balance: Depends on account type

💡 Good if you’re already using HSBC products and want multi-currency flexibility.

---

💡

• Highest potential rates: SCB BonusSaver (8.05%) and Citi Wealth First (7.51%) — but only if you meet multiple conditions.

• Simplest, no-frills savings: CIMB FastSaver or POSB SAYE.

• Best for lower salary requirements: OCBC 360 (≥ S$1,800/month).

• Balanced choice for working adults: UOB One and DBS Multiplier.

 

👉 Choosing the right account depends on your salary level, spending habits, and whether you want to buy insurance/investments through the same bank.